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PROPERTY, PLANT AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
The major components of property, plant and equipment, net were as follows:
 (dollars in millions)June 30, 2024December 31, 2023
Land and leasehold improvements$50.0 $51.7 
Buildings and improvements190.9 168.5 
Machinery, equipment, fixtures and software343.4 334.3 
Construction in process55.8 66.7 
Total property, plant and equipment640.1 621.2 
Accumulated depreciation(342.5)(324.3)
Property, plant and equipment, net$297.6 $296.9 
For the three months ended June 30, 2024 and 2023, the Company recorded depreciation expense of $10.3 million and $10.1 million, respectively. For the six months ended June 30, 2024 and 2023, the Company recorded depreciation expense of $20.4 million and $19.6 million, respectively.